At least 19 properties worth around $121 million were reportedly purchased under FTX's name, Sam Bankman-Fried’s parents and senior-level executives.
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SBF, FTX execs reportedly spend millions on properties in the Bahamas
At least 19 properties worth around $121 million were reportedly purchased under FTX's name, Sam Bankman-Fried’s parents and senior-level executives.
Texas to probe FTX endorsements by Tom Brady, Stephen Curry and other celebs
NFL quarterback Tom Brady and NBA point guard Stephen Curry are reportedly among the celebrities facing a probe from the Texas financial regulator over their promotion of the now-bankrupt crypto exchange, FTX.
Joe Rotunda, director of enforcement at the Texas State Securities Board reportedly told Bloomberg in a Nov. 22 report that the Texas State Securities Board is scrutinizing payments received by celebrities to endorse FTX US, what disclosures were made and how accessible they were for investors.
Rotunda however noted that while the watchdog was taking a "close look at them," the celebrities’ endorsements of FTX were not an "immediate priority,” but would be part of the “regulator's larger probe into FTX's collapse."
Both Brady and Curry have also been named in a Nov. 15 class-action lawsuit against FTX, along with former FTX CEO Sam Bankman-Fried.
The lawsuit alleged that they “controlled, promoted, assisted in, and actively participated” in FTX Trading LTD and West Realm Shires Services Inc.
Texas to probe FTX endorsements by Tom Brady, Stephen Curry and other celebs
The Texas State Securities Board is scrutinizing payments received by celebrities to endorse FTX US, as part of a wider probe into FTX's collapse.
US senators urge Fidelity to reconsider its Bitcoin offerings after FTX blow-up
The crypto-skeptic senators suggested the FTX collapse made it “abundantly clear” that the digital asset industry has "serious problems."
US senators urge Fidelity to reconsider its Bitcoin offerings after FTX blow-up
The crypto-skeptic senators suggested the FTX collapse made it “abundantly clear” that the digital asset industry has "serious problems."
Uniswap's new privacy policy sees backlash from decentralization buffs
Uniswap newly released privacy policy comes in light of the FTX crisis, an event that has shined a spotlight on the need for transparency.
Uniswap's new privacy policy sees backlash from decentralization buffs
Decentralized exchange (DEX) Uniswap's recently updated privacy policy appears to have attracted the ire of some members of the community, with concerns that collecting and storing user data works against crypto's core values.
In recent responses to a November blog post regarding its updated privacy policy, some vocal members of the community suggested it i uncharacteristic for a decentralized entity to collect and store information about its users.
In the Nov. 11 post from Uniswap Labs, released around the time of FTX’s collapse, the decentralized exchange released its privacy policy to explain how it collected and stored user data
“With innovations around blockchain, web3 aims to reclaim users’ privacy and choice after decades of internet businesses that have eroded it.”
“That’s why we’re releasing a new Privacy Policy today – we want to be crystal clear about what data we’re protecting and how we use any data we collect. Transparency is key. We never want our users to be surprised,” it said.
Uniswap's new privacy policy sees backlash from decentralization buffs
Uniswap newly released privacy policy comes in light of the FTX crisis, an event that has shined a spotlight on the need for transparency.
Iris Energy to cut mining hardware after defaulting on $108M loan
The Australian mining firm has had to unplug hardware that was producing "insufficient cash flow" to service its "debt financing obligations."
HashFlare founders arrested in 'astounding' $575M crypto fraud scheme
The HashFlare founders have been charged for their alleged involvement in a crypto fraud and money laundering conspiracy.
On the move: FTX hacker splits nearly $200M in ETH across 12 wallets
Meanwhile, Ethereum users are sending encoded messages to the FTX hacker pleading for a share of funds.
Senate Banking Committee Democrats warn SoFi about meeting its compliance deadline
The committee members, seemingly spurred to vigilance by the FTX debacle, do not see evidence of SoFi Digital Assets shaping up the way the Fed ordered.
High sentiment in FTX's shadow: event recap for Texas Blockchain Summit
Though the mood among many who showed up in Austin was bullish, most commented on the collapse of FTX and the drop in the price of Bitcoin.
Data shows traders are slightly bullish even as crypto’s total market cap falls under $800B
The total crypto market cap has dropped under $800 billion, but data highlights a few reasons why some traders are bullish.
Data shows traders are slightly bullish even as crypto’s total market cap falls under $800B
The total cryptocurrency market capitalization dropped by 5% between Nov. 14 and Nov. 21, reaching a notable $795 billion. However, the overall sentiment is far worse, considering that this valuation is the lowest seen since December 2020.
Total crypto market cap in USD, 4-hour. Source: TradingViewThe price of Bitcoin (BTC) dipped a mere 2.8% on the week, but investors have little to celebrate because the current $16,100 level represents a 66% drop year-to-date. Even if the FTX and Alameda Research collapse has been priced in, investor uncertainty is now focused on the Grayscale funds, including the $10.5 billion Grayscale Bitcoin Trust.
Genesis Trading, part of the Digital Currency Group (DCG) conglomerate, halted withdrawals on Nov. 16. In its latest quarterly report, the crypto derivatives and lending trading firm stated that it has $2.8 billion worth of active loans. The fund administrator, Grayscale, is a subsidiary of DCG, and Genesis acted as a liquidity provider.
The 5% weekly drop in total market capitalization was mostly impacted by Ether’s (ETH) 8.5% negative price move. Still, the bearish sentiment had a larger effect on altcoins, with nine of the top 80 coins losing 12% or more in the period.
Weekly winners and losers among the top 80 coins. Source: NomicsLitecoin (LTC) gained 5.6% after dormant addresses in the network for one year surpassed 60 million coins.
Cardano to launch new algorithmic stablecoin in 2023
'Djed' is set to go live in Jan. 2023, after a successful audit and a series of rigorous stress tests
BOE’s Cunliffe says regulation can save crypto from itself, and it’s worth the effort
Blockchain technologies can bring improvements to finance, given a regulatory framework, and links between DeFi and TradFi are being rapidly cemented already, Cunliffe said.
US Senate committee schedules FTX hearing for Dec. 1, CFTC head to testify
The hearing, titled 'Why Congress Needs to Act: Lessons Learned from the FTX Collapse', will be one of the first in which U.S. lawmakers explore what happened with the exchange.
Lido fundamentals shine even as the wider crypto market struggles to regain traction
Lido protocol boasts $1 million in daily fee revenue for nearly a month, highlighting its growth in daily active users and Ethereum stakers.